Purchase your next home with as little as 1% down.
What if your down payment requirement were only 1% and you didn’t need to pay the other 2% plus the expensive mortgage insurance?
Increasing interest rates, housing prices and inflation have made many pause their home search. Not anymore. If you’re in a similar situation, Harford Bank can help you get into your new home – with an affordable, low down payment option. With our new mortgage product, you can put down 1% and our partner lender will cover the other 2%. You get all the benefits of a 3% down payment, plus you can save big and strengthen your eligibility since you don’t have to pay the mortgage insurance.
Who is eligible?
First-time home buyers and repeat home buyers who make less than or equal to 80% of the area median income (AMI) of the location they’re buying in are eligible. It’s only available for purchase loans with a maximum loan amount of $350,000 and can’t be combined with other promotions.
Take advantage of this exclusive opportunity today!*
*Product offered by Rocket Mortgage through Harford Bank. Client will be required to pay a 1% down payment, with the ability to pay a maximum of 2.99%, and Rocket Mortgage will cover an additional 2% of the client’s purchase price as a down payment. This offer is only available on conventional purchase loans. Primary residence only. Cost of mortgage insurance premium not passed through to client. Offer valid only for home buyers when qualifying income is less than or equal to 80% area median income based on county where property is located. Must lock rate on or after 5/22/2023. Offer only available on loan amounts of $350,000 or less. Not available with any other discounts or promotions. Offer cannot be retroactively applied to previously closed loans or loans that have a locked rate. This is not a commitment to lend. Rocket Mortgage reserves the right to cancel this offer at any time. NMLS #3030. Acceptance of this offer constitutes the acceptance of these terms and conditions, which are subject to change at the sole discretion of Rocket Mortgage. Additional restrictions/conditions may apply.
Call us at 410-272-3501, or submit the form below to let us know how we can help you.